000 gain on the sale of a state bond sold in 2020 000 interest on savings account 000 interest on municipal bond

Q: Compute the income tax due in 2021. A. 50,000 B. 800,000 C. 290,000 D. 400,000

A: The proprietary educational institutions are the entities that have issued permits based on the…

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A: Formula: Ending fair value of plan assets = Beginning fair value of assets + Contributions + Actual…

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A: Current liabilities are short term obligation that to be paid within one year and liabilities having…

Q: The following expenses will be incurred by company X: next year = P5Ok, 2015 = P70k , 2016 = P100k…

A: Calculation of Present value of expenses at end of year 2009

Q: What interest rate did the state of New Jersey use to calculate the $152 million lump-sumpayment?

A: Compound interest: The amount of interest received or earned for multiple-interest time periods, on…

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A: The deductions that reduce the person or the organization's tax liabilities by decreasing the…

Q: (Dollars in Millions) Current Period Prior Period Assets Federal Funds sold and securities purchased…

A: Formula for different leverage ratios are -  Debt to Asset ratio = Total Debt /Total Assets Debt to…

Q: prts the following transactions for the 2020 tax year. The trustee accum come from a business…

A: The taxable income refers to the sum value of income gained by an entity that is subject to the…

Q: 3. On January 2, 2019, the corporation insured the life of its president for P2,000,000. The…

A: Insurance: It is the agreement between the insurance company which called insurer and person…

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A: Dividends are a portion of a company's earnings that it pays out to investors in the form of cash.…

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A: Pension expense is the amount that is charged by a firm to expense in connection to its liabilities…

Q: Bond sinking fund, January 1, 2021    10,000,000 Additional investment in 2021             2,200,000…

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Q: PHILIPPINES -

A: Any interest/ surcharges  on tax or any tax on assessment or income tax due shall not be allowed as…

Q: Question 20 ##  Bonita Company sponsors a defined benefit pension plan. The corporation’s actuary…

A: Introduction:  The act of recording or keeping track of any financial or non-financial action is…

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A: Philippines corporate tax rate:-  The corporate income tax rate both for domestic and resident…

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Q: stamp taxes age taxes I business taxes E e for 2020

A: Any interest/ surcharges  on tax or any tax on assessment or income tax due shall not be allowed as…

Q: How much is the income tax payable assuming the taxable year is 2021?  a. 330,000

A: Corporate tax is the tax liability calculated on the income earned by the company. It is reported…

Q: 5. Which of the following is generally considered an example of a perpetuity? A. Interest payments…

A: A perpetuity is a type of annuity that lasts forever

Q: Which of the following is Considered Cash?   Pension Fund Sinking Fund "Bond Attached is 2 year…

A: Solution:   Petty cash fund is cash for small day to day routine expenses.

Q: Cullumber Company sponsors a defined benefit pension plan. The corporation’s actuary provides the…

A: The projected benefit obligation (PBO) seems to be an actuarial calculation of how much money a…

Q: Question 20### Bonita Company sponsors a defined benefit pension plan. The corporation’s actuary…

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Q: A taxpayer engaged in service business provides you with the following: Description 2019 2020…

A: accrual method is a method of accounting in which accounting transactions are recorded according to…

Q: A taxpayer earned the following incomes (gross amounts) in 2020: (Assume source is Phils unless…

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Q: Ont/2/ 2021, the County of Santa Teresa issued a 20-year-life serial bond with a principal of…

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A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

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A: The question is based on the concept of Taxation.

Q: Gis a cash basis consuitant His balance sheet at the end of the year shows receivables of $100 and…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: A single taxpayer has the following information for 2020: AGI State income taxes State sales tax…

A: Introduction: A taxpayer is any individual or corporate organization that pays taxes to the federal,…

Q: Balance Sheet: Asset – Php 500,000 Liability – Php 100,000 Stockholders' Equity – Php 400,000…

A: Income tax is a tax that is paid on the income of a company, individual, AJP, BOI (i.e.on person)…

Q: Bonita Company sponsors a defined benefit pension plan. The corporation’s actuary provides the…

A: Pension Expenses: Pension expenditure is the yearly expense incurred by a company in order to…

Q: A corporation will make the following disbursements: a. Php 50, 000 on December 31, 1991 b. Php…

A: Let's first figure out the present value of all withdrawals as of 1-Jan-1986. Then we will compute…

Q: 16 A taxpayer earned the following incomes (gross amounts) in 2020: (Assume source is Phils unless…

A: Answer: Ordinary Income is income that arise from salary or interest income other than deposits.…

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A: Balance at the end which is required at the end of the specified period, the investor or company…

Q: 10) During 2020, Canadian resident Mark Forbes has calculated his Taxable Income to be $53,175.…

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A: Any payment individual receives or company that is used to determine tax liability is considered…

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A: People who work at a business write things down in the books of account for the first time. People…

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A: The following calculations are done for Monroe Corporation.

Q: Question 20 Bonita Company sponsors a defined benefit pension plan. The corporation’s actuary…

A: Explanation: SOLUTION :-   Pension Expenses: Pension expenditure is the yearly expense incurred by a…

Q: The Island Corporation desires to accumulate funds to retire a P200,000 bond issue at the end of 15…

A: The creation of a fund where a definite amount is invested by an individual or corporation to have a…

Q: y stamp taxes ntage taxes cal business taxes paid in 2019 due for 2020

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A: The marginal tax rate is the slab -rate at which the individual's income falls and it is taxed.…

Q: The City of Arnold maintains a Public Employee Retirement Trust Fund for its public safety…

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Q: employer contributed $3,000 to your RPP. Your maximum deductible Registered Retirement Savings Plan…

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A: Introduction As per relevant IAS, Employee benefit if there is any loss or gain in defined benefit…

Characteristics of Bonds